OPEN-SOURCE SCRIPT
Fancy Moving Average [BigBitsIO]
Updated
This script is for a single moving average with as many features as I can possibly fit into a single moving average. If you can think of more, or have questions regarding this script, please message me or contact me via social media.
Features:
- A single moving average (MA).
- Standard MA inputs.
- MA type.
- MA period.
- MA price.
- MA resolution (time frame).
- Visibility toggle.
- Fancy MA inputs.
- Toggle to show only candles included in the MA calculation ("Highlight inclusion") or display entire MA history.
- Toggle to show a ghost trail when Highlight inclusion is toggled on. Displays a shaded version of past MA history before the inclusion period (as seen on snapshot).
- Toggle to show forecast values for the MA.
- Other inputs related to forecasting:
- Forecast bias. (Neutral forecasts MA if the current price remains the same.)
- Forecast period.
- Forecast magnitude.
*** DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB. ***
Features:
- A single moving average (MA).
- Standard MA inputs.
- MA type.
- MA period.
- MA price.
- MA resolution (time frame).
- Visibility toggle.
- Fancy MA inputs.
- Toggle to show only candles included in the MA calculation ("Highlight inclusion") or display entire MA history.
- Toggle to show a ghost trail when Highlight inclusion is toggled on. Displays a shaded version of past MA history before the inclusion period (as seen on snapshot).
- Toggle to show forecast values for the MA.
- Other inputs related to forecasting:
- Forecast bias. (Neutral forecasts MA if the current price remains the same.)
- Forecast period.
- Forecast magnitude.
*** DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB. ***
Release Notes
Added a new option to select a different candle type to use to plot the moving average. Tickerids are created using the example values on the pine script reference manual for each different type of candle.Release Notes
Snapshot updateRelease Notes
Replaced custom hull moving calculation with the built-in function provided in pine.Also, fixed a bug where selecting an MA Period <= 5 would result in an indicator error. Now forecasts are shortened with MA Periods 5 and below as they would otherwise rely on 50% or more assumed data.
Release Notes
Update: Fixed a bug where using a custom resolution would result in ghost trails not aligning correctly with inclusion trails.Release Notes
Update: Added a couple of built-in alert conditions.Release Notes
Replaced nested if statements with else if statementsRelease Notes
Added ALMARelease Notes
Updated to use Pine v5Also adjusted the trail color to match the main plot color.
Release Notes
Updated inputs to use the newer group and inline option to make the indicator settings a bit more aesthetically pleasing.Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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💻 Website: bigbits.io
📺 YouTube: youtube.com/bigbits
🎮 Discord: discord.gg/rapMn4z
🐦 Twitter: twitter.com/BigBitsIO
💸 Save $30 on TradingView Paid Plan: bit.ly/2CaRfjs
💻 Website: bigbits.io
📺 YouTube: youtube.com/bigbits
🎮 Discord: discord.gg/rapMn4z
🐦 Twitter: twitter.com/BigBitsIO
💸 Save $30 on TradingView Paid Plan: bit.ly/2CaRfjs
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.